For more information on the LandVest index, contact Stewart Young. For more information on great New England second homes, contact Ruth Kennedy Sudduth, Director, Residential Brokerage.

LandVests MAI (Member of the Appraisal Institute) appraiser, Mike Hart, recently attended the annual Economic and Real Estate Market Outlook, where different industry experts discussed the Boston housing market.

Here are the top five takeaways:

• Projected increases in disposable income supports growth in real estate spending
• Record housing affordability combined with easing credit conditions are boosting housing
[...]

Sales by Town, $2,000,000+, Year End, 2000-2013

Nine of the 54 cities and towns in Middlesex County, Massachusetts, had high-end sales in 2013: Belmont (5), Cambridge (23), Concord (17), Lexington (12), Lincoln (5), Newton (49), Wayland (2), Weston (26), and Winchester (3). For the first time Newton has become the sales leader for the [...]

In 2013 the luxury real estate market in New England and the Adirondacks continued to perform at historically high levels due to a combination of pent-up demand, price reductions, low interest rates, and a strong stock [...]

January 2014

In the last year, Maines high-end real estate market showed some improvement over the previous year. In select markets around the country (such as Marin County, Miami, the Hamptons, and in-town Boston), the upper end of the market has made a solid recovery. While we havent seen such a dramatic reversal here yet, were optimistic [...]

Active Listings & Sales, $2,000,000+, Q1-Q3, 2000-2013

In Middlesex County, Massachusetts, in the first three quarters of 2013 the inventory of high-end listings grew to 183 compared 146 at the end of the third quarter in 2012. This is also above the first three quarters average since 2000 of 147 listings. 21 of these listings are above [...]

Active Listings and Sales, $2,000,000+, Q1-Q3, 2000-2013

On Cape Cod, the inventory of high-end listings at the end of the third quarter remains high with 251 listings compared to 211 in 2009 and an all time high of 257 in 2012. While most of the listings (155 of 251 or 62%) are in the $2-3,000,000 range, there are 42 listings above $4 [...]

LandVest is excited and encouraged to see the luxury fall Real Estate Market picked up considerably. The Warren Report has noted a number of towns that are particularly "hot". If you are interested in Real Estate in any of these hot markets you may encounter bidding wars or the property is already under agreement.